Two recent stories about Foxconn show how that project is, as Willy Shih of Harvard Business School aptly observed, only a state visit project (‘a high-profile way to earn some serious good will and political capital. But as Foxconn worked through the details, I suspect they were having trouble figuring out how to make economic…
188 search results for ""Innovation Center""
CDA, Economics, Economy, Foxconn, Government Spending, WEDC, Wisconsin
Foxconn: State of Wisconsin Demands Accountability, Foreign Corporation Stalls
by JOHN ADAMS • • Comments
There’s a significant new development in the Foxconn project: the state has told the Taiwanese corporation it’s presently no longer eligible for tax credits. Over at The Verge, a national technology publication, there’s an excellent, detailed story about Foxconn’s serial excuses to receive the public money or credits it wants regardless of performance. In an…
CDA, Economics, Economy, Foxconn, Government Spending, WEDC, Wisconsin
Foxconn: Worse Than Nothing
by JOHN ADAMS • • Comments
Below are the abstract and full study from George Mason University on The Economics of a Targeted Economic Development Subsidy (examining the Foxconn deal in Wisconsin). There’s much to consider in this work, for the Foxconn project, and by reasonable extension to other government-targeted business subsidies. Abstract: In an effort to spur economic growth and…
City, Holiday
Boo! Scariest Things in Whitewater, 2019
by JOHN ADAMS • • 4 Comments
Here’s the thirteenth annual FREE WHITEWATER list of the scariest things in Whitewater. (The 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, and 2018 editions are available for comparison.) The list runs in reverse order, from mildly scary to truly frightening. 10. Meeting Videos. There must be something intimidating about meeting videos, because it takes…
Bad Ideas, CDA, Corporate Welfare, Development, Foxconn, Government Spending, Local Government, State Capitalism, State Government, That Which Paved the Way, WEDC, Wisconsin
Foxconn: Hey, Wisconsin, How About an Airport-Coffee Robot?
by JOHN ADAMS • • 3 Comments
In Whitewater, there’s a top-notch think tank right-wing landlord’s business group that flacked Foxconn both privately and through that group’s sway over the Whitewater Community Development Authority. The group invited a state operative to spin Foxconn as a tech city of gold, and at the Whitewater CDA one could hear fantastic tales of high-tech wonders…
CDA, Corporate Welfare, Foxconn, Government Spending, State Capitalism, WEDC, Wisconsin
Right on Schedule – A Foxconn Delay
by JOHN ADAMS • • Comments
Talking up the Foxconn project – a habit of the ignorant or scheming – gets harder all the time. Foxconn looks to have pushed back its construction schedule – to 2021 (past the presidential election). See Foxconn Appears To Push Back Opening Of Mount Pleasant Plant (‘Company Denies Delay But Offers Few Details’). Here’s the…
Babbittry, Bad Ideas, CDA, Corporate Welfare, Economy, Foxconn, Government Spending, Scott Walker, State Capitalism, State Government, That Which Paved the Way, WEDC
Despite Denials, Foxconn’s Empty Buildings Are Still Empty
by JOHN ADAMS • • Comments
This morning, Joe sent along a comment mentioning a story about Foxconn from the national technology website The Verge. (Many thanks for the pointer.) Josh Dzieza reports One month ago, Foxconn said its innovation centers weren’t empty — they still are (“Foxconn still hasn’t done anything with the buildings it bought in Wisconsin”): Last summer,…
Bad Ideas, CDA, Corporate Welfare, Development, Economics, Economy, Foxconn, Gov. Walker, Government Spending, Local Government, State Capitalism, State Government, Trump, WEDC
Foxconn: Still Empty, and the Chairman of the Board Needs a Nap
by JOHN ADAMS • • 2 Comments
Trump declared that Foxconn in Wisconsin would be the eighth wonder of the world, but one of the world’s true wonders would not depend on empty buildings and it wouldn’t have a leader who needs a nap, but here we are. Following his earlier examination on Foxconn’s habit of using empty buildings to dupe the…
Bad Ideas, Business, CDA, City, Corporate Welfare, Economics, Economy, Foxconn, Gov. Walker, Government Spending, Innovation Center/Tech Park, Local Government, WEDC
Foxconn: Evidence of Bad Policy Judgment
by JOHN ADAMS • • 2 Comments
From the moment then-Governor Walker signed the Foxconn deal, it was clear to national economists (from across the political spectrum) that it was a dubious idea. As the months wore on, one could find more – and detailed – critiques of the project. FREE WHITEWATER has post after post addressing these sound critiques. The posts…
Bad Ideas, CDA, City, Corporate Welfare, Development, Economy, Employment, Foxconn, Gov. Walker, Government Spending, State Capitalism, State Government, That Which Paved the Way, WEDC
“Later This Year”
by JOHN ADAMS • • Comments
One reads that Foxconn [is] planning to buy land for innovation centers later this year. Read a bit closer, however, and one learns that ‘later this year’ is about as undependable as ‘the check is in the mail’ or ‘I gave at the office’: A question regarding innovation centers was one of many from Democratic Assembly Minority Leader…
Bad Ideas, CDA, City, Corporate Welfare, Development, Economics, Economy, Government Spending, Local Government, State Capitalism, Taxes/Taxation, That Which Paved the Way
A Tax Incremental Financing Review
by JOHN ADAMS • • Comments
Today at four o’clock, the Joint Review Board is scheduled to review Whitewater’s tax incremental districts. Views of tax incremental financing – especially in a place like Whitewater – are a good test of someone’s basic understanding of economic development. Indeed, the test reduces to a simple relationship: the more one contends that tax incremental…
Daily Bread
Daily Bread for 8.20.18
by JOHN ADAMS • • Comments
Good morning. Monday in Whitewater will be rainy with a high of seventy-six. Sunrise is 6:07 AM and sunset 7:48 PM, for 13h 40m 50s of daytime. The moon is a waxing gibbous with 71.1% of its visible disk illuminated. Today is the six hundred forty-fifth day.Days since Trump’s election, with 11.9.16 as the first…
Bad Ideas, CDA, City, Economics, Economy, Government Spending, Innovation Center/Tech Park, Local Government, Politics, Taxes/Taxation, That Which Paved the Way, Trump
The Trump Tax Bill: Massive Federal Deficits
by JOHN ADAMS • • Comments
The Whitewater Community Development Authority’s press releases flacking a part of the Trump tax bill for Whitewater show only that they either don’t understand what the Trump bill means for America, or that they hope others won’t understand. (See press release 1, press release 2.) This bill will drive the federal budget deficit to astonishing and…
America, Babbittry, Bad Ideas, Mendacity, Politics, Trump, Trump-Russia
No Sudden Accident
by JOHN ADAMS • • Comments
One reads that Trump has a new theory about Russian involvement in the November 2018 elections – he’s contending that the Russians plan to help the Democrats: I’m very concerned that Russia will be fighting very hard to have an impact on the upcoming Election. Based on the fact that no President has been tougher…